Hertz Global Holdings Inc. (NASDAQ: HTZ): Stock That Needs Special Handling

Currently, there are 305.18M common shares owned by the public and among those 136.30M shares have been available to trade.

The company’s stock has a 5-day price change of -15.77% and -21.32% over the past three months. HTZ shares are trading -36.77% year to date (YTD), with the 12-month market performance down to -57.20% lower. It has a 12-month low price of $6.78 and touched a high of $19.36 over the same period. HTZ has an average intraday trading volume of 5.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.71%, -14.38%, and -42.33% respectively.

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Institutional ownership of Hertz Global Holdings Inc. (NASDAQ: HTZ) 305.18M shares outstanding.

It has a market capitalization of $933.73M and a beta (3y monthly) value of 2.01. The stock’s trailing 12-month PE ratio is 3.58, while the earnings-per-share (ttm) stands at $1.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.05% over the week and 4.47% over the month.

Analysts forecast that Hertz Global Holdings Inc. (HTZ) will achieve an EPS of $Hertz Global Holdings, Inc for the current quarter, $6.57 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Utz Brands Inc while analysts give the company a high EPS estimate of $MasTec, Inc.. Comparatively, EPS for the current quarter was $Hilltop Holdings Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -13.29%, and 121.87% over the next financial year.

Looking at the support for the HTZ, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on April 04, 2024, with the firm’s price target at $8-$7. BofA Securities coverage for the Hertz Global Holdings Inc. (HTZ) stock in a research note released on March 19, 2024 offered a Neutral rating with a price target of $9. Morgan Stanley was of a view on February 08, 2024 that the stock is Equal-Weight, while JP Morgan gave the stock Neutral rating on January 25, 2024, issuing a price target of $17- $11. Deutsche Bank on their part issued Hold rating on January 25, 2024.

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